Currencies

The past few weeks have had currency traders fixated to their screens watching the US dollar surge higher against all major currency pairs. The ferocity and speed of the moves have seen hedge fund and forex traders leave the beaches and grab their Blackberrys as they try to make sense of what has happened. The dollar is riding the perfect storm, rallying on the back of falling commodity markets and dire economic data out of the eurozone and UK. This, coupled with sparsely staffed trading floors, has seen long-standing support levels broken as black box trading takes over and positions a...